Please help, and explain, I don't understand!! You put $1000 into an investment yielding 6% annual interest; you left the money in for two years. How much interest do you get at the end of those
two years?

$120 in interest

Step-by-step explanation:

The formula for finding how much interest you get over time is this :

Principal × Rate × Time = Interest you get at the end

Principal is how much you start out with, so in this case that's $1,000.

Rate is the percent annual interest, which in this case is 6%.

Last, time, time in this case is 2 years.

I = (1000)(0.06)(2) = 120

I will get $120 in interest.

salary

step-by-step explanation:

savings account is an account only used for saving money. this acts as an emergency source of funding for an individual. answer a would result in the money in his account to grow as it specifically states that interest is compounded daily at the rate of 2%

step-by-step explanation: